The Lede

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The CLO, a Financial Crisis Bogeyman, is Back
The Real Deal (N.Y.), Mar. 2, 2018--Konrad PutzierMention the term "collateralized debt obligation" and financial watchdogs immediately seize up. But now they are staging a comeback under a new name: collateralized loan obligation, or CLO.
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CMBS Delinquency Rate Drops for Eighth Consecutive Month
National Mortgage Professional, Mar. 2, 2018--Phil HallThe delinquency rate has been in a free-fall for eight consecutive months, a 124 bps drop, and Trepp forecasts that "it is now possible that the rate could break the post-crisis low from February 2016 over the next few months."
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Equifax Cites ‘Ongoing Investigation’ by CFPB, Other Agencies
National Mortgage News, Mar. 2, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau is among several agencies conducting an "ongoing investigation" of Equifax related to last year's data breach, the credit reporting firm said in a securities filing Friday.
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Dodd-Frank Replacement Heads to Senate Vote
HousingWire, Mar. 2, 2018--Kelsey RamirezThe bill, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, contains policies which would roll back or eliminate key parts from the Dodd-Frank Act.
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Reverse Mortgage Volume Eases Off 7-Yr High
Mortgage Daily, Mar. 2, 2018February saw 5,201 U.S. home-equity conversion mortgages that were endorsed by the Federal Housing Administration. HECM production slowed from the preceding month, when endorsements soared to 6,313--the busiest month since March 2011.
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Rising Loan Errors Spell Trouble Ahead
UExpress, Mar. 2, 2018--Lew SichelmanThe upward trend in defective home loans is not likely to impact borrowers--at least not directly, says Phil McCall, president of ACES Risk Management, which offers quality control services to lenders. But bad loans could have devastating consequences for mortgage producers, who could be forced to buy them back from investors who purchased them on the secondary market.
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HMDA Compliance Among LOS Enhancements
Mortgage Daily, Mar. 2, 2018--Sam GarciaInnovations in loan origination systems include a new interview platform, compliance with changes to Home Mortgage Disclosure Act reporting requirements and lots of new integrations.
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Building a Behemoth: Detroit’s Other Mortgage Mogul
Crain's Detroit Business, Mar. 4, 2018--Bill SheaWholesale mortgage mogul Mat Ishbia wants some of the local public attention monopolized by Dan Gilbert and his Detroit business empire anchored by Quicken Loans Inc.
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Mortgage Insurance Companies Push Back against 50% DTI
HousingWire, Mar. 2, 2018--Kelsey RamirezLast year, the GSEs announced they were increasing their debt-to-income ratio to 50%, a move that mortgage insurance companies are starting to fight back against.
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Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market
Wall Street Journal, Mar. 3, 2018--Melanie Grayce West (subscription)New Jersey's foreclosure crisis is hitting a peak, and that could be a boon for the state's housing market.
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‘Fintech’ Firms Take Bigger Bite of Manhattan’s Office Market
Wall Street Journal, Mar. 4, 2018--Keiko Morris (subscription)Financial technology providers are gobbling up Manhattan office space as they expand operations and seek to tap the city's growing tech labor force.
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As Senate Nears Big Vote, Dodd-Frank Shows Its Staying Power
National Mortgage News, Mar. 2, 2018--Ian McKendry (subscription)The Senate is poised to pass the most substantial bank regulatory relief since the crisis, to many bankers' delight and progressive Democrats' alarm. But any disruption of the post-crisis regime is still eclipsed by how much the bill enshrines Dodd-Frank.
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Nursing Home Chain HCR ManorCare to Sell Itself in Bankruptcy
Reuters, Mar. 2, 2018--Tracy Rucinski, Greg RoumeliotisThe second-largest U.S. nursing home operator, HCR ManorCare, will file for Chapter 11 protection in the coming days and transfer ownership to its landlord, Quality Care Properties Inc., the latest sign of distress in the senior housing industry.
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